The Canadian Press – Fri, 13 Jan, 2012
Steel yourself, Canada, new one-dollar and two-dollar coins are about to become the latest version of the proverbial plugged nickel.
In
an effort to save taxpayers about $16 million annually, new versions of
the loonie and toonie will be introduced this spring made from steel,
replacing the more expensive nickel found in the current versions of the
coins.
A detailed summary of the change filed by the federal government in the Canada Gazette last month says the new coins will be slightly lighter, cheaper to produce and ship, and harder to counterfeit.
They're
also going to cost Canada's coin-operated industries about $40 million
in recalibration costs to make vending machines recognize the new
coinage, says the government.
And businesses who count their coins by weight will have to first separate the old currency from the new.
The new coinage was announced in last year's federal budget but only received final cabinet approval late last month.
The
roll-out has been delayed in part because some manufacturers in the
vending industry weren't ready to handle the new coins, according to Kim Lockie, the past president of Canadian Automatic Merchandising Association.
"It
only delayed it, it didn't postpone it," said Lockie, a Fort MacMurray,
Alta., businessman whose company has 1,200 machines that required
reprogramming — a three-month project.
"We just have to be ready as operators to be able to accept that."
Lockie,
who spent last year as his industry association president dealing with
the mint, said operators never like eating the cost of currency changes,
but the process has been handled well by the government.
"It's
going to happen anyway so if we can partner we can both come out ahead —
I can have ample leeway time to get my machines programmed," he said in
an interview.
The Canada Gazette says the current coins cost
about 30 cents each to produce, while Kim says he's been told the new
loonies and toonies will cost between four cents and six cents apiece.
A spokesman for the Royal Canadian Mint
had little so say, because a major media roll-out is planned nearer to
the coins' actual release. Alex Reeves did confirm the new coins are
about to go into production and should be in circulation in "early
spring" — likely late March or April.
When the new coins were first proposed, the expectation was that they would weigh exactly the same as the old versions.
Consumers
likely won't notice the weight difference, but the Canada Gazette
states that a truck load of the new loonies will weigh 980 kilos less
than the old version, and 286 kilos less for a truck full of toonies,
thus "improving fuel efficiency of transportation and reducing the
carbon footprint of delivering coins to the Canadian public."
More
than one billion loonies have been produced by the Royal Canadian Mint
since the coin was introduced in 1987, while some 700 million toonies
have been minted since 1996.
The mint produces about 30 million of
each coin annually, and the government says the elimination of the
nickel element will reduce nickel demand by about 539 metric tonnes a
year — just a tiny fraction of Canada's domestic output.
The
current loonie is made from bronze-plated nickel, while the toonie has a
ring of pure nickel around a copper alloy centre. The new coins will
use the same multi-ply plated steel technology used in the penny,
nickel, dime and quarter.
The change comes as nickel prices have
fluctuated by as much as 1,000 per cent in recent years, according to
the government, creating both supply and cost issues.
Sunday, January 15, 2012
Friday, January 13, 2012
Bank of Macao Issues Commemorative 10 Pataca Banknote
The Bank of Macao under Bank of China and Banco Nacional Ultramarino respectively issued a piece of commemorative 10 Pataca banknote on Thursday to celebrate the upcoming Year of the Dragon.
The banknote is featured by Chinese paper-cut dragon on the face and the building of Bank of Macao or the building of Banco Nacional Ultramarino on the back. In addition, the Ma Zu temple in Macao has been adopted as the foil scene.
The Bank of Macao under Bank of China and Banco Nacional Ultramarino respectively issued a piece of commemorative 10 Pataca banknote on Thursday to celebrate the upcoming Year of the Dragon.
The banknote is featured by Chinese paper-cut dragon on the face and the building of Bank of Macao or the building of Banco Nacional Ultramarino on the back. In addition, the Ma Zu temple in Macao has been adopted as the foil scene.
Thursday, January 12, 2012
Bank of Thailand launching new banknote series next week
Mr Prasarn said that the new notes comprise five denominations -- Bt20, Bt50, Bt100, Bt500 and Bt1,000. Their size and colour remain unchanged from the present notes.
First launches will be the Bt50 banknote on January 18, the date commemorating the glorious victory of King Naresuan the Great in traditional royal combat on elephant back in 1593, he said.
The BoT governor said that about 190 million Bt50 banknotes currently circulate in the system, and that the new issue would cost Bt5 higher then the currently used notes.
The central bank has applied newest technology as a security feature for the Bt50 note to prevent counterfeiting which included the watermark which HM the King's portrait will be shown on the right side and a watermark of Thai numeral 50 is especially transparent.
The current Bt50 banknote and those previously issued would also be legal tender by law, he said.
Sunday, January 8, 2012
100 Rupees East India Company Eagle Note
All East India Company 100 Rupee notes are counterfeit. The East India Company never issues 100 Rupee banknotes. These notes sell from $10 to $200.
100 Rupees East India Company Eagle Note
Item : East India 100 Rupees Note
Condition : Used as shown in the picture
Signed By : C D Deshmukh
Serial Number : B/11 624542
The note is historically inaccurate. The British East India Company was dissolved 1 June 1874. This note is signed by C D Deshmukh who was the governor of the Reserve Bank of India from 1943 to 1950, over 60 years after the dissolution of the British East India Company.
This note is also not listed in any auction or banknote catalogs.
There have been other listings on Ebay which state that the note is a fantasy note. Careful examination of the higher grade note also shows that the paper is not watermarked. The watermark of King George VI is actually a gray scale print.
Some of the serials numbers are U 42 442943, G 31 716240, K 22 541950. However there is no need to verify the serial numbers since all notes are counterfeit.
100 Rupees East India Company Eagle Note
Item : East India 100 Rupees Note
Condition : Used as shown in the picture
Signed By : C D Deshmukh
Serial Number : B/11 624542
The note is historically inaccurate. The British East India Company was dissolved 1 June 1874. This note is signed by C D Deshmukh who was the governor of the Reserve Bank of India from 1943 to 1950, over 60 years after the dissolution of the British East India Company.
This note is also not listed in any auction or banknote catalogs.
There have been other listings on Ebay which state that the note is a fantasy note. Careful examination of the higher grade note also shows that the paper is not watermarked. The watermark of King George VI is actually a gray scale print.
Some of the serials numbers are U 42 442943, G 31 716240, K 22 541950. However there is no need to verify the serial numbers since all notes are counterfeit.
Saturday, January 7, 2012
1793 penny fetches $1M at Florida auction
ORLANDO, FLA. —
A one-cent copper coin minted in 1793, the first year that the United States produced its own coins, has fetched $1 million at a Florida auction.
The Orlando Sentinel reports that the final bid by an unknown buyer for the coin was one of the largest sales at the Florida United Numismatics coin show and annual convention.
The newspaper reported that the 1793 penny was sold at such a high price because it is rare and in excellent shape, showing no wear on its lettering, its Lady Liberty face or the wreath on its back.
Nearly 600 dealers of coins and currency are at the show that runs through Sunday. It also features Buffalo nickels, dozens of silver one-ounce pieces and coins from antiquity, misprinted cash and Confederate notes.
A one-cent copper coin minted in 1793, the first year that the United States produced its own coins, has fetched $1 million at a Florida auction.
The Orlando Sentinel reports that the final bid by an unknown buyer for the coin was one of the largest sales at the Florida United Numismatics coin show and annual convention.
The newspaper reported that the 1793 penny was sold at such a high price because it is rare and in excellent shape, showing no wear on its lettering, its Lady Liberty face or the wreath on its back.
Nearly 600 dealers of coins and currency are at the show that runs through Sunday. It also features Buffalo nickels, dozens of silver one-ounce pieces and coins from antiquity, misprinted cash and Confederate notes.
Canada P96 10 Dollars
Pick: P96
Date: 1989
Colour: Purple on multicolor underprint.
Birds of Canada Series.
Front: Sir John A. Macdonald, Parliament buildings at right, arms at upper left center. Sir John A. Macdonald was the first Prime Minister of Canada. Macdonald served 19 years as Canadian Prime Minister; only William Lyon Mackenzie King served longer.
Back: Osprey in flight
Watermark: None.
Printer: Canadian Banknote Company or BA International Inc.
Size: 152.4 x 69.85 mm (6.0 x 2.75 inches)
Varieties
a. (BC-57a) Signature Thiessen-Crow.
*a. (BC-57aA) Signature Thiessen-Crow. Replacement note.
b. (BC-57b) Signature Bonin-Thiessen
*b. (BC-57bA) Signature Bonin-Thiessen. Replacement note
c. (BC-57c) Signature Knight-Thiessen
* Note listed in Krause Catalog.
Catalog Value:
a.
Date: 1989
Colour: Purple on multicolor underprint.
 |
| Canada 1989 P96b (BC-57b) 10 Dollars |
 |
| Replacement note as denoted by the "X" in the prefix. |
Front: Sir John A. Macdonald, Parliament buildings at right, arms at upper left center. Sir John A. Macdonald was the first Prime Minister of Canada. Macdonald served 19 years as Canadian Prime Minister; only William Lyon Mackenzie King served longer.
Back: Osprey in flight
Watermark: None.
Printer: Canadian Banknote Company or BA International Inc.
Size: 152.4 x 69.85 mm (6.0 x 2.75 inches)
Varieties
*a. (BC-57aA) Signature Thiessen-Crow. Replacement note.
*b. (BC-57bA) Signature Bonin-Thiessen. Replacement note
* Note listed in Krause Catalog.
Catalog Value:
a.
Friday, January 6, 2012
Mauritus 1986 P38 100 Rupees
Mauritus 1986 P38 100 Rupees
Pick: P38
Date: ND (1986)
Colour: Red on multicolor underprint
Monetary Authority: Bank of Mauritius
Series: 1985-1991 Issue
Printer: Bradbury Wilkinson & Co., New Malden, England (no imprint on back)
Signatures: Indurduth Ramphul, Ranapartab Tacouri
Front: Arms at lower center, building with flag at right. The value of 100 Rupees written in English, Tamil and Hindi.
Back: Landscape.
Watermark: Dodo bird. The dodo was a flightless bird endemic to Mauritus. It stood a meter tall and weighed 20 kilograms. The dodo lost the power of flight because food was abundant and predators were absent on Mauritius. The dodo was first mentioned by Dutch sailors in 1598. By 1681, all dodos had been killed by hungry sailors or their domesticated animals. The extinction of the bird, within 80 years of its discovery, made people realise for the first time that humans could induce the extinction of plants and animals
Catalog Value:
a. $25 - UNC, $7 - VF
Mauritus 1986 P37 50 Rupees
Pick: P37
Date: ND (1986)
Colour: Dark blue on multicolor underprint
Front: Arms at lower center, building with flag at right. The value of 50 Rupees written in English, Tamil and Hindi.
Back: Two deer, butterfly and Mauritius Kestrel. The Mauritius Kestrel is a bird of prey endemic to the forests of Mauritius, where it is restricted to the southwestern plateau's forests, cliffs, and ravines.
Watermark: Dodo bird. The dodo was a flightless bird endemic to Mauritus. It stood a meter tall and weighed 20 kilograms. The dodo lost the power of flight because food was abundant and predators were absent on Mauritius. The dodo was first mentioned by Dutch sailors in 1598. By 1681, all dodos had been killed by hungry sailors or their domesticated animals. The extinction of the bird, within 80 years of its discovery, made people realise for the first time that humans could induce the extinction of plants and animals
Printer: Bradbury Wilkinson and Company
Varieties
a. Printer's imprint on back.
b. Without printer's imprint on back.
Catalog Value:
a.
Date: ND (1986)
Colour: Dark blue on multicolor underprint
Mauritus 1986 P37a 50 Rupees
Front: Arms at lower center, building with flag at right. The value of 50 Rupees written in English, Tamil and Hindi.
Back: Two deer, butterfly and Mauritius Kestrel. The Mauritius Kestrel is a bird of prey endemic to the forests of Mauritius, where it is restricted to the southwestern plateau's forests, cliffs, and ravines.
Watermark: Dodo bird. The dodo was a flightless bird endemic to Mauritus. It stood a meter tall and weighed 20 kilograms. The dodo lost the power of flight because food was abundant and predators were absent on Mauritius. The dodo was first mentioned by Dutch sailors in 1598. By 1681, all dodos had been killed by hungry sailors or their domesticated animals. The extinction of the bird, within 80 years of its discovery, made people realise for the first time that humans could induce the extinction of plants and animals
Printer: Bradbury Wilkinson and Company
Varieties
 |
| P37a variety. Bradbury Wilkinson, imprint on back. |
b. Without printer's imprint on back.
Catalog Value:
a.
Mauritius 1985 P39 200 Rupees
Mauritus 1985 P39a 200 Rupees
Pick: P39
Date: ND (1985)
Colour: Blue on multicolor underprint
Monetary Authority: Bank of Mauritius
Series: 1985-1991 Issue
Printer: Thomas de la Rue, London, England
Signatures: Indurduth Ramphul, Ranapartab Tacouri
Front: Sir Seewoodsagur Ramgoolam (18 September 1900 - 15 December 1985) at left. Known as the "Father of the Nation" he led Mauritius to independence from the United Kingdom in 1968. He served as Chief Minister from 1961 to 1968, prime minister from 1968 until 1982 and lastly as Governor General from 1983 to 1985. The value of 200 Rupees written in English, Tamil and Hindi.
Back: Mao of Mauritius The Chateau du Reduit the official residence of the President of Mauritius. It was built in 1749 when the island was a French colony. Du Reduit became the official residence of the Governors. Despite many modifications made during the period 1746-1778 the chateau was in ruins in 1778 due to the action of white ants and had to be reconstructed. After 1810, under British rule, it underwent many modifications and extensive repairs following damage caused by Cyclones in 1868 and 1892.
Varieties
P39a. Orange UV Printing, Series A/1 - A/5
P39b. Green UV Printing, Series A/6 and higher
 |
| Right Orange UV Printing. Left Green UV Printing. |
P39a. $50 - UNC, $18 - VF
P39b. $40 - UNC, $15 - VF
Mauritius 1967 P31 10 Rupees
Pick: P31
Date: ND (1967)
Colour: Red on multicolor underprint.
Front: Queen Elizabeth II in the robes of the Sovereign of the Order of the Garterat right. Coat of arms of Mauritius lower left. The value of 10 Rupees written in English, Tamil and Hindi.
Back: Government building.
Watermark: Dodo bird. The dodo was a flightless bird endemic to Mauritus. It stood a meter tall and weighed 20 kilograms. The dodo lost the power of flight because food was abundant and predators were absent on Mauritius. The dodo was first mentioned by Dutch sailors in 1598. By 1681, all dodos had been killed by hungry sailors or their domesticated animals. The extinction of the bird, within 80 years of its discovery, made people realise for the first time that humans could induce the extinction of plants and animals
Printer: Thomas De La Rue and Company
Varieties
a. Signature 1
b. Signature 2
c. Signature 4
Catalog Value:
a.
Date: ND (1967)
Colour: Red on multicolor underprint.
Mauritus 1967 P31b 10 Rupees
Front: Queen Elizabeth II in the robes of the Sovereign of the Order of the Garterat right. Coat of arms of Mauritius lower left. The value of 10 Rupees written in English, Tamil and Hindi.
Back: Government building.
Watermark: Dodo bird. The dodo was a flightless bird endemic to Mauritus. It stood a meter tall and weighed 20 kilograms. The dodo lost the power of flight because food was abundant and predators were absent on Mauritius. The dodo was first mentioned by Dutch sailors in 1598. By 1681, all dodos had been killed by hungry sailors or their domesticated animals. The extinction of the bird, within 80 years of its discovery, made people realise for the first time that humans could induce the extinction of plants and animals
Printer: Thomas De La Rue and Company
Varieties
a. Signature 1
b. Signature 2
c. Signature 4
Catalog Value:
a.
Mauritius 1967 P30 5 Rupees
Pick: P30
Date: ND (1967)
Colour: Blue on multicolor underprint.
Front: Queen Elizabeth II at right. Coat of arms of Mauritius. The value of 5 Rupees written in English, Tamil and Hindi.
Back: Two men in a Mauritian pirogue sail boat. They are copy of lifeboat of French vessel in the 18th Century. They are also very famous for Mauritian Regata that took place ever year in the four side of the island.
Watermark: Dodo bird. The dodo was a flightless bird endemic to Mauritius. It stood a meter tall and weighed 20 kilograms. The dodo lost the power of flight because food was abundant and predators were absent on Mauritius. The dodo was first mentioned by Dutch sailors in 1598. By 1681, all dodos had been killed by hungry sailors or their domesticated animals. The extinction of the bird, within 80 years of its discovery, made people realise for the first time that humans could induce the extinction of plants and animals
Printer: Thomas De La Rue and Company
Varieties
a. Signature 1
b. Signature 3
c. Signature 4
s. As a. Specimen.
Catalog Value:
a.
Date: ND (1967)
Colour: Blue on multicolor underprint.
Mauritius 1967 P30c 5 Rupees
Front: Queen Elizabeth II at right. Coat of arms of Mauritius. The value of 5 Rupees written in English, Tamil and Hindi.
Back: Two men in a Mauritian pirogue sail boat. They are copy of lifeboat of French vessel in the 18th Century. They are also very famous for Mauritian Regata that took place ever year in the four side of the island.
Watermark: Dodo bird. The dodo was a flightless bird endemic to Mauritius. It stood a meter tall and weighed 20 kilograms. The dodo lost the power of flight because food was abundant and predators were absent on Mauritius. The dodo was first mentioned by Dutch sailors in 1598. By 1681, all dodos had been killed by hungry sailors or their domesticated animals. The extinction of the bird, within 80 years of its discovery, made people realise for the first time that humans could induce the extinction of plants and animals
Printer: Thomas De La Rue and Company
Varieties
a. Signature 1
b. Signature 3
c. Signature 4
s. As a. Specimen.
Catalog Value:
a.
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